Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
After rejecting the 0.07 support and breaking above the last high in gray, DOGE has been overall bullish trading inside the red rising broadening wedge pattern.
DOGE is currently sitting around the lower red trendline acting as a non-horizontal support.
If we break above the last minor high in red, we will be expect a trend continuation.
Then, we will need to break above the last major high in orange for the bulls to take full control again and push higher till around 0.11 resistance.
Meanwhile, until the buy is activated, DOGE can still trade lower, especially if we break below the red trendline. In this case, we will be looking for new buy setups as we approach the support zone again.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
After rejecting the 0.07 support and breaking above the last high in gray, DOGE has been overall bullish trading inside the red rising broadening wedge pattern.
DOGE is currently sitting around the lower red trendline acting as a non-horizontal support.
If we break above the last minor high in red, we will be expect a trend continuation.
Then, we will need to break above the last major high in orange for the bulls to take full control again and push higher till around 0.11 resistance.
Meanwhile, until the buy is activated, DOGE can still trade lower, especially if we break below the red trendline. In this case, we will be looking for new buy setups as we approach the support zone again.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich